NRI missing ITR filing slapped with 78% tax notice on property payment — ITAT steps in
When an Australia-based Non-Resident Indian (NRI) bought a Rs 32 lakh flat in India, he did not expect a tax […]
Income Tax Recent News – 2026
High-value transaction not disclosed? Tax officials may still spot it
Some taxpayers assume that non-disclosure in an Income Tax Return (ITR) allows transactions to go unnoticed, but this is no
T.N. Assembly election: Income Tax Dept. sets up 24×7 control room
The Director-General of the Income-Tax (Investigation), Tamil Nadu and Puducherry, has set up a 24×7 control room, following a direction
Karnataka High Court lays down procedure to access spouse’s income-tax returns in matrimonial disputes
The Karnataka High Court has issued comprehensive guidelines for spouses to obtain income tax returns and financial records of their
ITAT Rules Rs 33 Lakh Family Property Transfer Not Taxable
A woman declaring annual income of about Rs 3.4 lakh will not be taxed on a Rs 33 lakh property
New Income Tax forms provide for tenant-landlord relationship disclosure for claiming tax deduction
The government has come out with draft income tax forms that seek disclosure of tenant-landlord relationship for claiming I-T deductions
RBI announces early redemption schedule for five SGB tranches in April; know tax implications
Sovereign Gold Bond (SGB) investors planning an early exit in FY27 now have clarity on timelines. The Reserve Bank of
Income Tax brings Rs 14,601-crore undisclosed offshore investments to tax
Disclosing collective figures regarding this for the first time, the Central Board of Direct Taxes (CBDT) has said that Rs
Claiming HRA on rent paid to parents and relatives will be harder from 1 April
The new Income Tax rules have proposed a change for claiming house rent allowance (HRA) that may affect claims where
Cash gifts from family, relatives not exempt from income tax if you fail to explain these details, says ITAT
Cash gifts from relatives are generally tax-free under the Income Tax Act. But a recent case discussed by tax advisory
